Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$241,868$231,210
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$1,629.53$1,600.85
2nd payment$0.00$0.00
Taxes / mo$197.58$197.58
Insurance / mo$150.00$150.00
MI / mo$113.63$46.24
HOA / mo$470.00$470.00
Total monthly$2,560.74$2,464.68
Cash to close$15,032$25,690